Finance

Also: German startup Wellster Healthtech brings its Series B raise to $60 million, Faeth Therapeutics scoops up $20 million and Yuvo Health announces a $7.3 million seed round.

The class action lawsuit alleges a proxy statement provided to investors before the merger misrepresented the company's financial performance and prospects.

Health tech companies raised nearly $40 billion last year, according to Silicon Valley Bank's Healthcare Investments and Exits Report. IPOs were also up, but those companies didn't fare as well in the public markets.

Also: Diana Health raises $11 million for its maternity care tool. 

Glooko CEO Russ Johannesson predicts that the growth in digital health funding will continue this year, and that the push toward interoperability will be critical for the space.

Headspace said the deal will improve its ability to personalize users' experiences.

MobiHealthNews reported on 251 deals worth $15.1 billion in the second half of 2021. 

Kinnevik and Human Capital led the round, joined by Ally Bridge Group and others.

Impeto’s SUDOSCAN technology for monitoring peripheral neuropathies is included in Withings’ recently announced Body Scan smart scale.

Silicon Valley Bank report predicts VCs will slow down their deal pace in 2022.